New Delhi [India], April 19 (ANI): The Enforcement Directorate (ED) attached immovable properties worth Rs 5.7 crore belonging to Villayutham and his family members. The attached properties included vacant plots, agricultural lands, buildings and a hotel run in the name of Hotel Ramajayam in Rameswaram.

The investigation was initiated under the Prevention of Money Laundering Act, 2002, against Villayutham and others on the basis of multiple FIRs registered by the Tamil Nadu Police and Wildlife Authorities from 2008 till 2022, according to a statement from the agency.

Also Read | COVID-19 Threat in India: PMO Reviews Situation, Calls for Readiness of Hospitals Amid Rise of Coronavirus Cases.

The probe revealed that Villayutham, a smuggler and a habitual offender, had generated proceeds of crime by indulging in smuggling and trading of sea cucumbers. The collection and trade of sea cucumbers are strictly banned in India since the year 2001 and these are a marine species protected under Schedule I of Wildlife Protection Act, 1972. There is a high demand for the sea cucumbers in Singapore, China and other far eastern countries.

The said proceeds generated in cash was later layered and channelled into the banking system and was used to repay loans in cash, and to acquire properties including a hotel, it added.

Also Read | Mumbai Police 'All Out Operation' Leads to Many Crimes Detected, Offenders Caught.

Subsequently, Villyutham was arrested on March 13, 2023, after being found guilty of offence of money laundering and is currently in judicial custody. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)